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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)
SWKS 119.67+3.3%3:40 PM EDT

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From: mlc17810/10/2019 12:44:22 PM
   of 1698
Qorvo, Skyworks jump as Cowen upgrades on 2020 iPhone ramp
Oct. 10, 2019 10:29 AM ET|About: Qorvo, Inc. (QRVO)|By: Jason Aycock, SA News Editor

• Cowen has upgraded key Apple suppliers Qorvo ( QRVO +4.2%) and Skyworks ( SWKS +5%) to Outperform on potential strength from a 5G iPhone.

• Sentiment is low for this year's iPhone crop, analyst Karl Ackerman writes, ahead of anticipated 5G-enabled phones in the second half of 2020, which should provide a "strong C2020 ramp in handset revenues."

• He's raised his price target on Skyworks to $95 from $80, implying 12% upside, and raised the Qorvo target to $90 from $75, implying 18% upside.

• Qorvo derives 32% of revenue from Apple, Bloomberg notes, while Skyworks derives 30% of revenue from key Apple supplier Foxconn.
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